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- 3/18/24: The $4.3M Dog With Hat š¶āļøš¬š§
3/18/24: The $4.3M Dog With Hat š¶āļøš¬š§
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Specsā Breakdown
1. Dogwifhat meme sells as NFT for $4.3M
āāŖ-āŖ ā The original Dogwifhat meme, featuring a Shiba Inu named Achi, went up for auction over the weekend on Foundation by the dogās owners.
The auction closed at a shocking 1,210 ETH ($4.3M) won by the legendary trader @NFDtoken.
Imagine being this dogās ownerā¦
For years you consistently post pictures of Achi on Instagram in various woven clothing and in 2018 you post the iconic Dogwifhat photo itself. Fast forward, in 2024 thereās a memecoin named after your dog valued at nearly $3B and you sell the original Dogwifhat photo for a casual $4.3M.
This is not the first story like this, and it will surely not be the last. Andrew Kang just purchased the original Pepe meme from the 3AC estate for an undisclosed price.
Nothing to see here, just your standard bull market behavior.
The real question is ā is Elonās recent Twitter post of dogs with hats a nod to $WIF or just a random coincidence?
2. SBF should spend 40-50 years in prison says DOJ
āāŖ-āŖ ā US prosecutors are urging a federal judge to sentence Sam Bankman-Fried to 40-50 years in prison + $11B in fines and forfeitures.
As a reminder, SBF was found guilty on seven different counts of fraud/conspiracy for lying to investors, fabricating documents, and millions in corrupt political donations/bribes ā harming thousands of victims.
Whatās weird though is that prosecutors just published a document in which SBF considered a variety of ārandom probably bad ideasā in an attempt to protect his image.
These ideas include:
Go on Tucker Carlsen, come out as Republican
Come out as extremely pro-crypto/pro-freedom
Come out with a strong anti-Binance stance
Leaking the document of ideas itself to the press
and more
For the avoidance of doubt ā yes this document was written by Sam. What a weird guy.
Meanwhile, FTX bankruptcy claims are making 200% profits for hedge funds.
3. BTC ETFs to list in the UK but only to āprofessionalā investors
NEW: #Bitcoin ETFs to list in the UK but only available to āprofessional investorsā - Financial Times
ā Bitcoin Archive (@BTC_Archive)
11:41 AM ⢠Mar 18, 2024
āāŖ-āŖ ā The UK Financial Conduct Authority just agreed to list the spot Bitcoin ETFs, but only for āprofessional investorsā.
I reckon the criteria for āprofessional investorsā is similar to āaccredited investorsā status in the US which is determined by a certain net worth level, income level, or specific professional certifications.
While this is progress, itās disappointing for UK retail investors who are forced to sit on the sidelines or find other ways to get crypto exposure.
I think people donāt realize that entire markets are still restricted from participating in the spot Bitcoin ETF economy, and when they come online will likely create massive tailwinds for the crypto market.
I reckon itās only a matter of time before the UK FCA caves and lets retail invest in spot BTC ETFs ā hopefully (for the retail investors) itās before the halving in ~31 days.

Everything Else
āļø Crypto & DeFi
Bitcoin hashrate reaches record high of 636.42 EH/s
Ethereum activity drops ether supply to lowest levels since Aug 2022
Slerf memecoin accidentally burns $10M from investors
Standard Chartered raises BTC price target to $150k by year-end
Redditās community token MOON hits record high
Base active users rise 800% following Dencun upgrade
Kalshi prediction market now lets users bet on 5 cryptocurrencies
Activisionās twitter account hacked to shill Solana scam
Cosmos-based Canto blockchain reverses plans on Polygon L2
AlphaOrBeta launches BNB Zone a new prediction & opinion market
Trader accidentally burns $1.36M in Tether
š¦ Wallstreet & VC
BlackRock and Fidelity BTC ETFs in top 5 ETFs by inflows this year
Cetera advisory network approves the use of 4 spot Bitcoin ETFs
Figure raises $60M Series A for multi-asset trading platform
Obsucro Labs raises $9M round, token hits $30M valuation
Marathon Digital Holdings strikes $87M equip,ent deal before halving
šļø Legal & Regulatory
SBF considers ārandom probably bad ideasā to protect his image
š Rest of the World
š¼ļø NFTs & Metaverse
Remilia treasury drained for millions, founder claims he was hacked
NodeMonkes floor surges 53% and flips Bored Apes
NFT artist raises $10M in one day for Solaana memecoin presale
Starbucks is shutting down its Odyssey beta NFT rewards
Upland game reveals āshare and buildā airdrop ahead of token launch

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